Is it legal for India's Income Tax dept. to ask for a detailed listing of my assets?

Expert Info

Posted by sriram

on 19 Jul 2016

Is it legal for India's Income Tax dept. to ask for a detailed listing of my US assets? I am a US citizen, but tax-resident in India. I submit my US taxes to the Indian authorities, which reports all income I derive from these assets. My belief is that that should be enough, since the IRS would keep an eye on my assets themselves.

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